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How would each of the following affect the current level of full-employment output? Explain. a. The new government changes immigration policy to restrict the number of immigrants entering the country each year. b. New technology allows massive production of oil and gas through fracking. c. A hurricane of unprecedented strength hits the country leaving huge damages to residential and business properties and infrastructure. d. Robots equipped with artificial intelligence are widely used in production.
You have just opened a new Italian restaurant in your hometown where there are three other Italian restaurants. Your restaurant is doing a brisk business and you attribute your success to your distinctive northern Italian cuisine using locally grown ..
What are the basic economical concepts? Briefly explain with the applications.
How has Netflix established a Deep Economic Moat, or sustainable barriers to entry?
Consider the three categories into which the Bureau of Labor Statistics divides everyone. How does the BLS compute the labor force, the unemployment rate, and the labor-force participation rate?
Explain the meaning of a Nash equilibrium when rms are competing with respect to price. Why is the equilibrium stable? Why don’t the firms raise prices to the level that maximizes joint prots? What is the DWL in this model?
Explain the Federal Reserve Banks response to the "Great Recession." Did it work?
a. Using the Wizard of Oz paper, what is bimetallism and why is that only a short term solution to the gold standard?
Two clinics want to merge. The price elasticity of demand is -0.20, and each clinic has fixed costs of $60,000. One clinic has a volume of 7,200, marginal costs of $60, and a market share of 2 percent. What are the total costs, revenues, and profits ..
A. W. Ham Jr. served on the board of directors for Golden Nugget. Inc., a Nevada corporation. In 1969, while Mr. Ham was a director and legal counsel for Golden Nugget, he obtained a leasehold interest with an option to purchase in the California Clu..
Between constitutional and post-constitutional rules? When would you expect constitutional rules to be effective? Why?
From the firms' point of view, what are some of the incentives to consolidate? Describe the competitive environment within the industry.
Amy and Kevin Hall each had an authorized credit card with both of their names on it. Amy and Kevin separated. Kevin called the credit card company and asked that to have the credit card cut off to Amy. The company said that Kevin must return Amy’s c..
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